Town Budget and Town Meeting
Excess Levy Capacity
Excess Levy Capacity
The Town of Andover has a $1.5M excess levy capacity. This means they can increase the school budget without an "override."
This is highly regulated by the state and you can find more information here.
Free Cash
Free Cash
The Commonwealth’s Division of Local Services recommends that municipalities keep 3-5% available in free cash. Andover has $5-9M more than that recommendation sitting in free cash reserves.
Tax Surplus
Tax Surplus
Every year, the Town of Andover collects millions more dollars than it budgets. These revenues are eventually put into free cash.
State Aid
State Aid
The Commonwealth through "Chapter 70" has increased resources that have come to Andover.
Articles and Other Resources